Articles

Articles

Leveraging Data and Authentication: Mastercard’s Approach to Combatting Digital Fraud

December 10, 2019 -- Throughout history, merchants have had to contend with fraud. So long as there’s money to be made, criminals will try to exploit any vulnerabilities, and so long as there’s money on the line, merchants will fight back."With more people communicating, transacting, and interacting through cyber channels, digital fraud is only going to increase. This means it’s crucial for merchants to adopt strategies to fight back. While digital fraud is certainly a major problem, it is not

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Mastercard Leverages Active Biometrics to Secure More than Just Payments

December 05, 2019 -- People are spending more of their lives in the digital space than ever before. With the widespread adoption of mobile phones and computers, nearly everyone is able to surf the web, communicate with friends and family, and do a range of activities online."Today’s environment forces organizations to confront a very difficult dilemma: how do you enhance security without compromising the user experience? The evolution of fraud attacks has made this issue increasingly difficult to solve for."

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Mastercard’s Approach to Passive Biometric Authentication

October 31, 2019 -- Since the adoption of EMV chip technology has made card-present fraud much harder to get away with, criminals are increasingly turning to the cyber world to steal personal information, money, and other valuable material."So part of the core technology NuDetect brings to the table is being able to, in real time, figure out which signals are indicative of a legitimate consumer in any given channel interaction, and then distinguish bots from a real consumer at that

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The Consequence of Mobile Convenience

October 11, 2019 -- The stage is set ready for a record-setting mobile shopping holiday season with Black Friday, Cyber Monday and the run-up to Christmas. The global mobile-payment market is expected to reach $10.07 trillion by 2026, according to market-research firm Reports and Data. "There should not have to be a trade-off between security and mobile usage, and mobile transactions shouldn’t need to increase friction to catch bad guys. Higher accuracy and fewer false positives are possible with existing

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The breach wave has created a crisis of trust

September 03, 2019 -- Since 2013, attackers have exposed 14 billion records that are often used for account takeover or new-account fraud. Additionally, creative fraudsters can leverage legitimate account information to generate fake or synthetic accounts that blend in with legitimate users."Consumers have a role to play to fight fraudulent activity in their account. This involves good account hygiene (e.g., to use a different password for every website or application) and insurance against identity theft." For the complete article, go

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